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Saving for college is an excellent strategy but be careful. You need to make sure you have a plan in place that will not reduce your child’s chances of qualifying for financial aid. For example, there are ways to invest in your child’s future and your financial security.
Life Insurance, Roth IRAs and other qualified retirement accounts can offer solutions when it comes to your child’s education and your future. Policies that have been in force for many years can be borrowed against, creating a tax-free stream of income that can be used for paying college costs. BNJA can help you navigate the options.